The Nigerian National Petroleum Company (NNPC) Limited has been restructured to accommodate five vice presidents required to drive the performance of the oil firm. It was gathered in Abuja recently that five individuals, including executive directors at the oil company, had been named vice presidents. Sources at the firm said this was in line with
Nigerian National Petroleum Corporation (NNPC) Retail Limited, the downstream subsidiary of NNPC has now introduced an engine oil into the retail market with new high-performance. The engine lubricants giving its customers more options for preference in the retail market. Explaining the new product further, the package has on offer Nitro (Diamond, Gold, Super, 2T) and
The Nigerian National Petroleum Corporation (NNPC) in alliance with the China National Offshore Oil Corporation (CNOOC) are set to expand the $16 billion trade investment in Nigeria. This was recently brought to light by the Group Managing Director of the NNPC, Mallam Mele Kyari, when the Executive Vice President of China National Offshore Oil Corporation,
The Nigerian National Petroleum Corporation (NNPC) has declared a trading surplus of N12.13 billion in its financials for December 2018. In a recent report on its Monthly Financial and Operations Report for December 2018, the NNPC said its positive financial performance in the month under review was in spite of disturbing reports of breaches on
President Muhammadu Buhari has approved the 2019 operational budget of the Nigerian National Petroleum Corporation (NNPC), the Group Managing Director of e state oil company, Dr. Maikanti Baru, disclosed Wednesday. Although Baru did not state how much the corporation’s budget for 2019 was worth, he however disclosed that Buhari was gracious to approve it early
The Nigerian National Petroleum Corporation (NNPC) has stated that it recorded a trading surplus of N2.06 billion in November 2018, which represents an improvement of 116 per cent over the N12.66 billion deficit recorded previous month. The month-on-month performance increase was primarily attributable to improved efficiency of the Nigerian Petroleum Development Company’s (NPDC) operations. The
The Nigeria National Petroleum Corporation, NNPC, has generated revenue of about N383.969 million from the Warri Refining and Petrochemical Company Limited, WRPC and Port-Harcourt Refining Company Limited, PHRC between January and September, 2018. In its recent financial report, the Corporation attributed the development to the ongoing revamping of the refineries, expected to further enhance the
The Group Executive Director, Finance and Account of the Nigerian National Petroleum Corporation (NNPC), Mr Isiaka Abdulrazak said the corporation recorded a trading surplus of N250 billion in 2016. Abdulrazak said this in a quarterly publication of the NNPC, a copy of which was obtained by the News Agency of Nigeria (NAN) on Tuesday in
Nigerian National Petroleum Corporation (NNPC) has announced a major reshuffling involving 55 top management staff across its operations. Affected in the exercise include Roland Ewubare, formerly MD of the Integrated Data Services Limited, IDSL moves to the National Petroleum Investment Management Services, NAPIMS as the new Group General Manager while Diepriye Tariah, former GGM and
…As NNPC GMD Marks a Year Anniversary The Nigerian National Petroleum Corporation, NNPC, has secured $2billion discounts in the last one year from renegotiated upstream contracts being executed by its various service providers. The Corporation said the feat was achieved in the quest to continually drive down the high cost of production in the industry.
